Welcome to the captivating world of SP500 technical analysis, where we unlock the secrets of the market using Elliott Wave Theory. Join us on this journey as we delve into the latest insights and trends shaping today’s trading session.

SP500 Technical Analysis

In our SP500 technical analysis using Elliott Wave Theory The market grinded up to our target area of 4670-90. Ideally we hold this area and turn down but they can push as high as 4726 before we see a turndown. Assuming that is the case 4400-4450 would be the target for the B wave.

However, if they If they blow through 4726 then we likely look to 4800 SPX before we see a wave 4 pullback.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ pushed back over the Friday high and would now be looking to the 16500-700 area. From that zone we would look for a pullback to the 15400 area for a wave 2.

As we continue our journey through SP500 and NASDAQ technical analysis, guided by the powerful Elliott Wave Theory, our goal is to keep you well-informed about the market’s ever-evolving trends and the abundant opportunities it offers. Think of it as having a trusty compass in the vast sea of trading, helping you navigate through the dynamic landscape of today’s financial markets.

So, stay tuned for more updates and insights, and may your trading journey be as thrilling as the markets themselves.